Mr. Michael Konnert reports

VIZSLA SILVER ANNOUNCES FILING OF UPDATED TECHNICAL REPORT

Vizsla Silver Corp., further to its news release dated Jan. 6, 2025, has filed an independent technical report containing an updated mineral resource estimate on the company's Panuco silver-gold project. The technical report has an effective date of Sept. 9, 2024, and was prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, by Allan Armitage, PhD, PGeo, Ben Eggers, MAIG, PGeo, and Henri Gouin, PEng, of SGS Geological Services, and Peter Mehrfert, PEng, James Millard, PGeo, Scott Elfen, PE, and Jonathan Cooper, PEng, of Ausenco Engineering Canada ULC.

The technical report can be found under the company's profile on SEDAR+ and is also available on the company's website.

Qualified person (QP)

The independent qualified person for the updated mineral resource estimate is Allan Armitage, PhD, PGeo, of SGS Geological Services, who has reviewed and approved the contents of this news release. In accordance with National Instrument 43-101, Jesus Velador, PhD, MMSA QP, vice-president of exploration, is the qualified person for the company, and has validated and approved the technical and scientific content of this news release.

About Vizsla Silver Corp.

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, B.C., focused on advancing its flagship, 100-per-cent-owned Panuco silver-gold project, located in Sinaloa, Mexico. The company recently completed a preliminary economic study for Panuco in July, 2024, which highlights 15.2 million ounces (oz) silver equivalent (AgEq) of annual production over an initial 10.6-year mine life, an after-tax net present value (NPV) at 5 per cent of $1.1-billion (U.S.), an internal rate of return (IRR) of 86 per cent, and a nine-month payback at $26 (U.S.) per oz silver (Ag) and $1,975 (U.S.) per oz gold (Au). Vizsla Silver aims to become the world's leading silver company by implementing a dual-track development approach at Panuco, advancing mine development, while continuing district-scale exploration through low-cost means.

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